Forbes Advisor Explores the Cost of Savings With Metro and State Rankings
California's reputation for high living costs is well-known, but a recent report from Forbes Advisor highlights other areas across the United States that can put a strain on your wallet.
Sweden's Experiencing a Surprising Billionaire Boom
Sweden, known for its social equality and high taxes, is now home to a growing number of super-rich individuals.
Home Equity Loans Could Supercharge the U.S. Economy
Meredith Whitney, the once-celebrated financial forecaster, is eyeing a potential game-changer for the U.S. economy, and it doesn't involve government spending.
Freddie Mac's Proposal Is A Game Changer for the U.S. Economy and Homeowners
Imagine pumping nearly $1 trillion into the U.S. economy without adding a cent to the national deficit.
Fed Finds Comfort in Cooler Job Growth and Wage Increases
On Friday, Federal Reserve officials breathed a sigh of relief as April’s job data revealed a cooling in wage growth and hiring rates that hark back to pre-COVID-19 days.
Proposed $5 Million Insurance Hike Could Rock the Trucking Industry
A proposed bill, dubbed the Fair Compensation for Truck Crash Victims Act, could significantly impact the trucking industry by raising the minimum liability insurance from $750,000 to $5 million—a hefty 566% increase.
XPO Logistics Exceeds Expectations in Q1 2024
XPO Logistics started 2024 on a high note, surpassing first-quarter forecasts and demonstrating robust financial performance.
Rising Interest Rates Push Homebuyers Toward Adjustable Rate Mortgages
In the face of soaring interest rates, many U.S. homebuyers are opting for adjustable rate mortgages (ARMs) as a more affordable alternative to traditional fixed-rate mortgages.
Costco's Strategic Gaps in Rhode Island, West Virginia, and Wyoming
Costco, the membership-only warehouse chain, has significantly expanded across the U.S., boasting over 600 locations.c
Generational Wealth Transfer of Inheritance Among Millennials Isn’t That Simple
The average net worth for older Americans might seem high, but this number is skewed by wealthier individuals.
Hub Group Faces Financial Pressure Amid Weak Freight Market
Phil Yeager, the CEO of Hub Group, highlighted ongoing financial pressures during the company's recent earnings call, pointing to a soft market mainly caused by an excess of truckload capacity that hasn’t yet exited the industry.
U.S. Cities Grapple with Financial Strains Post-Pandemic
Across the United States, municipal governments are tightening their belts as the financial support from the pandemic era fades and inflation persists.
Landstar Navigates Market Challenges with Optimistic Outlook
Landstar System, a logistics company, shared a mixed bag of results in their recent earnings call, staying optimistic despite a tough market.
Investment Strategies of the Ultra-Wealthy Are Evolving
The ultra-wealthy, those with a net worth exceeding $100 million, adopt investment strategies that set them apart from typical investors.
U.S. Residential Electricity Bills in 2023 Rose Less Than Rate of Inflation
In 2023, the average monthly electricity bill for U.S. homes nudged up by 2% to $138, which was actually less dramatic compared to the overall inflation rate of 4.1%.
Insurance Companies Pull Back from California Market
Two more insurance providers, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co., are set to exit the California insurance scene.
California Fast Food Chains Raise Prices in Response to Minimum Wage Increase
Following California's new $20-an-hour minimum wage law that kicked in on April 1, fast food joints across the state have bumped up their menu prices.
J.B. Hunt's Q1 Earnings: Missed Expectations Amid Challenges
J.B. Hunt Transport Services didn't quite hit the mark this quarter, with earnings per share landing at $1.22, below the expected $1.50.
Updated Perspectives on Retirement Savings
In recent years, Americans have adjusted their retirement savings targets significantly.
Major Investment in Texas Samsung Chip Manufacturing by Biden Administration
The Biden administration has committed up to $6.4 billion to help Samsung Electronics set up a major computer chip manufacturing hub in Texas.